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    Business Law Assignment

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    jsin
    The document thanks various parties who helped in completing a business law task. It thanks the business law lecturer, Miss Hazwani Binti Salleh, for her guidance. It also thanks fellow group members for their help and comments. Finally, it thanks family for their encouragement and the unnamed others who assisted. The introduction defines agency law as the relationship between a principal, agent, and third party where the agent acts on behalf of the principal. It outlines the capacity of principals and agents under Malaysian law. Duties of agents and principals are also defined. Finally, it discusses the different modes of creating an agency relationship and provides an example case.

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    Business Law Assignment

    Uploaded by

    jsin
    252 views3 pages
    The document thanks various parties who helped in completing a business law task. It thanks the business law lecturer, Miss Hazwani Binti Salleh, for her guidance. It also thanks fellow group members for their help and comments. Finally, it thanks family for their encouragement and the unnamed others who assisted. The introduction defines agency law as the relationship between a principal, agent, and third party where the agent acts on behalf of the principal. It outlines the capacity of principals and agents under Malaysian law. Duties of agents and principals are also defined. Finally, it discusses the different modes of creating an agency relationship and provides an example case.

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    The document thanks various parties who helped in completing a business law task. It thanks the business law lecturer, Miss Hazwani Binti Salleh, for her guidance. It also thanks fellow group members for their help and comments. Finally, it thanks family for their encouragement and the unnamed others who assisted. The introduction defines agency law as the relationship between a principal, agent, and third party where the agent acts on behalf of the principal. It outlines the capacity of principals and agents under Malaysian law. Duties of agents and principals are also defined. Finally, it discusses the different modes of creating an agency relationship and provides an example case.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    252 views3 pages

    Business Law Assignment

    Uploaded by

    jsin
    The document thanks various parties who helped in completing a business law task. It thanks the business law lecturer, Miss Hazwani Binti Salleh, for her guidance. It also thanks fellow group members for their help and comments. Finally, it thanks family for their encouragement and the unnamed others who assisted. The introduction defines agency law as the relationship between a principal, agent, and third party where the agent acts on behalf of the principal. It outlines the capacity of principals and agents under Malaysian law. Duties of agents and principals are also defined. Finally, it discusses the different modes of creating an agency relationship and provides an example case.

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    of 3

    ACKNOWLEDGMENT

    It is always a pleasure to remind the fine people in the University Malaysia


    Kelantan for their sincere guidance we received when completing Business Law
    task.

    First of all, we would like to thanks to Miss Hazwani Binti Salleh, lecturer in
    the subject of business law because gave us a lot of guidance without wearying.
    She was always helpful if we asked questions and would monitor from time to time
    to minimize mistakes. With her help, we were able to complete this task in a timely
    manner with no problems and to better understand how to answer questions
    correctly.

    Second, deepest thanks to fellow friends in this group, Lee Chui Hsia, Chua
    Pei Ling, Jia Sin, Ayuu binti Mansor, Anis Adilla binti Muhamad Azlan, and Aifaa
    Syazwani binti Abdul Razak because helped each other and provided an idea when
    completing this assignment. All comments and instruction are highly appreciated
    and we are working hard to do our best together.

    Besides, we would like to thanks to our classmate either from lecture class
    or tutorials class. The spirit, advice, kind help and opinions provided are very
    helpful to us.

    Other than the university community, we also thank to our family who
    encouraged us throughout the time of our studies. With family prayer, we were
    able to get the assignment done.

    Finally, we apologizes all other unnamed who helped us in various ways to


    have a good Business Law reports.
    INTRODUCTION

    Law of agency is a contract involving principal, agent and third party. Agency is
    the relationship which subsists between the principal and agent, where the agent
    has been authorized to act for the principal or represent him in dealing with third
    party. Before commencing a contract, agent must obtain an obligation from the
    principal to perform contract. The creation of agency involves three parties which
    is the principal who passes the authority to act to the agent and the agent who in
    turn with authority affects the legal relations of the principal with the third party. In
    addition, the third party is a party with whom the agent deals with for and on
    behalf of the principal. Based on Section 136 of Contract Act, 1950, capacity of the
    principal is any person who is the age of majority according to the law which he is
    subject and who is sound mind may employ an agent. Besides, for capacity of
    agent, based on Section 137 of Contract Act 1950, any person may become an
    agent, but no person who is not of the age of majority and sound mind can become
    an agent, so as to be responsible to his principal according to the provisions in the
    behalf her contained. Duties of an agent to his principal are to obey principal’s
    instruction, to render proper accounts when required and others while duties of
    principal to his agent is to pay the agent the commission or other agreed
    remuneration unless the agency relationship is gratuitous. The modes of creation of
    agency have five ways, which is by express appointment, implied appointment,
    necessity, ratification and estoppel or holding out. All of these methods differ
    depending on the circumstances of the case. Based on the case given, principle is
    Azliza, agent is Afeedah and third party is Ariff Communication. There has a case
    where have been enough of the three parties, but the contract is valid without the
    consent or knowledge of the principal.
    BIBLIOGRAPHY

    Teacher, Law. (November 2013). The Law of Agency. Retrieved from


    https://www.lawteacher.net/free-law-essays/commercial-law/the-law-of-agency-
    commercial-law-essay.php?vref=1

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